Why Hedge? Extent, Nature, And Determinants Of Derivative Usage In U.S. Municipalities,
2016
University of Houston
Why Hedge? Extent, Nature, And Determinants Of Derivative Usage In U.S. Municipalities, Saleha Khumawala, Ranasinghe, Tharindra, Claire J. Yan
Research Collection School Of Accountancy
Using a hand-collected dataset of over 300 observations of large U.S. cities and counties, this paper investigates the extent, nature and determinants of derivatives usage in the municipal sector. Over half of our sample entities engage in derivative transactions and a vast majority of these transactions are intended to manage interest rate risk. Swaps, by far, are the most popular derivative instrument. In terms of the determinants of derivative usage, we find that the propensity to use derivatives as well as the extent of derivative usage is higher for municipalities that are larger and more financially constrained. We do not …
Financial Health And Corporate Performance: A Comparison Of Manufacturing Companies In China And India,
2016
Singapore Management University
Financial Health And Corporate Performance: A Comparison Of Manufacturing Companies In China And India, See Liang Foo, Shaakalya Pathak
Research Collection School Of Accountancy
The People’s Republic of China (China) and India are two leading economies in Asia Pacific. This study examines the relationship between the financial health, as measured by the Altman Z-Score, and corporate performance, as measured by the Return on Equity (ROE), of listed manufacturing companies in these two markets. A linear regression was conducted between these variables to determine the magnitude and direction of their relationships. The trends of Z-Scores over a fourteen-year period are also analysed. The analysis covers the period from 2000 to 2013 (inclusive) and yielded a statistically positive correlation between ROE and the Z-Score for both …
Consequences To Directors Of Shareholder Activism,
2016
Singapore Management University
Consequences To Directors Of Shareholder Activism, Sa-Pyung Sean Shin, Sa-Pyung Sean Shin, Suraj Srinivasan
Research Collection School Of Accountancy
Using a comprehensive sample for 2004–2012, we examine the impact of shareholder activist campaigns on the careers of directors of targeted firms. We find that activism is associated with directors being almost twice as likely to leave—and performance-sensitivity of turnover being higher over the subsequent two-year period. Our evidence suggests that director turnover occurs even without shareholder activists engaging in, let alone winning, proxy contests and, in contrast to most prior research, director election results matter. Overall, our evidence suggests that shareholder activism, even in the absence of proxy fights, is associated with greater accountability for independent directors.
The Downside Of The Network Ties Between Ceo/Cfos And Auditors Through External Directorships: Evidence From Auditor Selection And Subsequent Audit Quality,
2016
Erasmus University of Rotterdam
The Downside Of The Network Ties Between Ceo/Cfos And Auditors Through External Directorships: Evidence From Auditor Selection And Subsequent Audit Quality, Jaeyoon Yu, Byungjin Kwak, Myung Seok Park, Yoonseok Zang
Research Collection School Of Accountancy
This study examines whether the professional ties of Chief Executive Officers/Chief Financial Officers (CEO/CFOs) to auditors through external directorships affect auditor selection and subsequent audit quality. Professional ties to auditors arise when the CEO/CFO of a firm (referred to as the home firm) serves as an outside director of another firm that hires an auditor (a connected auditor). Using a sample of firms with auditor switches over the period 2003-2012, we find that home firms are more likely to appoint connected auditors. Furthermore, utilizing a difference-in-differences approach, we find that home firms appointing connected auditors experience a significant decline in …
Investment Companies, May 1, 2016; Audit And Accounting Guide,
2016
University of Mississippi
Investment Companies, May 1, 2016; Audit And Accounting Guide, American Institute Of Certified Public Accountants (Aicpa)
Industry Guides (AAGs), Risk Alerts, and Checklists
No abstract provided.
Short-Term Incentive Effects Of Temporary Full Capital Asset Expensing,
2016
Syracuse University
Short-Term Incentive Effects Of Temporary Full Capital Asset Expensing, John David Patrick Witesman
Dissertations - ALL
The Tax Relief, Unemployment Compensation Reauthorization, and Job Creation Act of 2010 (2010 Tax Relief Act) temporarily modified capital asset expensing provisions, increasing the allowed bonus depreciation percentage from 50% to 100%. The legislative intent of the provision was to encourage capital investment by firms, although prior research suggests that capital expenditures did not increase during the availability of 30% or 50% bonus depreciation. I find that the availability of 100% bonus depreciation significantly increases the likelihood that firms increase capital expenditures, as well as increases the magnitude of capital expenditures. Overall, my evidence highlights how temporary changes in capital …
Comment Letters On Hosting Services, May 16, 2016,
2016
University of Mississippi
Comment Letters On Hosting Services, May 16, 2016, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee
Exposure Drafts, Comment Letters, and Statements of Position
No abstract provided.
The Question Of Financial Career Paths: Which Graduate Program And/Or Professional Certification Leads To The Greatest Income And Level Of Satisfaction Based On A Survey Of Professionals Working Within The Accounting/Finance Fields?,
2016
University of Southern Mississippi
The Question Of Financial Career Paths: Which Graduate Program And/Or Professional Certification Leads To The Greatest Income And Level Of Satisfaction Based On A Survey Of Professionals Working Within The Accounting/Finance Fields?, Tanner M. Shaw
Honors Theses
Thousands of men and women across the United States graduate from accounting and finance undergraduate programs and find themselves uncertain about what the future holds and what steps should be taken in order to maximize their odds of meeting their personal goals related to job satisfaction and level of income. This study aims to evaluate graduate degree and non-graduate-degree alternatives, as well as the CPA and CFA professional designations in terms of the likelihood of each route leading to high job satisfaction and a high level of income. To that end, a survey of successful accounting and finance professionals was …
Checklists & Illustrative Financial Statements, Not-For-Profit Entities, April 30, 2016,
2016
University of Mississippi
Checklists & Illustrative Financial Statements, Not-For-Profit Entities, April 30, 2016, American Institute Of Certified Public Accountants (Aicpa)
Industry Guides (AAGs), Risk Alerts, and Checklists
No abstract provided.
An Empirical Investigation Into The Adoption Rates Of Abc In The United States,
2016
East Texas A&M University
An Empirical Investigation Into The Adoption Rates Of Abc In The United States, Samantha House
Honors Theses
No abstract provided.
Smith Brothers Store - Russell County, Kentucky (Mss 585),
2016
Western Kentucky University
Smith Brothers Store - Russell County, Kentucky (Mss 585), Manuscripts & Folklife Archives
Manuscript Collection Finding Aids
Finding aid only for Manuscripts Collection 585. Three account books from the Smith Brothers Stores located in Fonthill and Irvin’s Store, Russell County, Kentucky. Also includes some information about the estate of Robert Pierce Smith.
Employers’ Perspectives Of The Ideal Accounting Graduate: Is Accounting Curriculum Consistent With Employer Requirements?,
2016
East Texas A&M University
Employers’ Perspectives Of The Ideal Accounting Graduate: Is Accounting Curriculum Consistent With Employer Requirements?, Mary K. Mccreight
Honors Theses
No abstract provided.
Initial Public Offerings (Ipos),
2016
College of Saint Benedict/Saint John's University
Initial Public Offerings (Ipos), Kevin Keller
Celebrating Scholarship & Creativity Day (2011-2017)
As an investor, the first rule is to never get caught up in your emotions. There are thousands of different (exciting) investment opportunities in today’s world, and some of them tend to be a bit riskier than others. These consist of stocks, bonds, certificates of deposit, mutual funds, exchange-traded funds, and several others. However, where do most of these investment tools originate? In order for a stock to be publicly traded on the stock exchange, it must undergo what it called an initial public offering (which I will refer to as an IPO). Since the primary objective is to raise …
Student Debt: Impact On Student Choices,
2016
College of Saint Benedict/Saint John's University
Student Debt: Impact On Student Choices, Kelsey Cavanaugh
Celebrating Scholarship & Creativity Day (2011-2017)
In 2010 student loans became the second largest portion of US debt. Today, the estimated total is 1.4 trillion. Over the last decade the average debt per student has increased 56%, which is double the inflation rate for that period. The graduating class of 2014 left college with an average of about $29,000 of debt. Lastly, the number of federal borrowers today is 7.5 million and growing. This presentation examines how student debt affects students’ spending choices after college and what has changed in these patterns over the last decade.
Accounting Information Systems: Ethics, Fraudulent Behavior, And Preventative Measures,
2016
Georgia Southern University
Accounting Information Systems: Ethics, Fraudulent Behavior, And Preventative Measures, Jasmine S. Smith
Honors College Theses
Most business organizations have implemented Accounting Information Systems to improve efficiency and to help optimize use of company resources. The evolution of Information Technology within financial and accounting processes has brought new ethical issues, forms of fraudulent behavior, and mechanisms to prevent compromising confidential, sensitive, and personal information. This investigation focuses on the evolution of Accounting Information Systems and their controls for limiting fraud and misconduct in financial and accounting processes.
Accounting For The Government Funding Of Non-Profits And The Planned Parenthood Federation Of America,
2016
Liberty University
Accounting For The Government Funding Of Non-Profits And The Planned Parenthood Federation Of America, Rachel E. Brown
Senior Honors Theses
Accounting creates a framework for providing transparency in an organization. This foundation is especially important in not-for-profit entities because government grants and contributions often compose significant portions of overall revenues and receipts. An overview of non-profit standards and the government system of distributing funds provides insight into non-profits as a whole and enables the study of specific organizations. As the nation’s largest provider of abortion and family planning services, the Planned Parenthood Federation of America is an especially important organization to study and understand. It receives significant funds from federal and state governments and should receive equally significant evaluation by …
Corporate Social Reponsibility Reporting: Industry Comparisons,
2016
Western Michigan University
Corporate Social Reponsibility Reporting: Industry Comparisons, Yu Cao
Honors Theses
According to the shareholder theory, the sole social responsibility of a company is to increase its profits and shareholders’ value (Friedman, 1970). However, the stakeholder theory states that a company owes the social responsibility to a wider group of stakeholders (Donaldson & Preston, 1995). Stakeholders refer to any person or group which can affect or be affected by the actions of a business, such as employees, customers, suppliers, creditors, competitors and the wider community. Around the world, more and more firms are increasing their engagement in corporate social responsibility (hereafter, CSR) and exploit CSR as the center of their corporate …
Increasing Auditor Sensitivity To The Risk Of Fraudulent Financial Reporting: Assessing Incentives And Pressures On Top Management,
2016
University of South Florida
Increasing Auditor Sensitivity To The Risk Of Fraudulent Financial Reporting: Assessing Incentives And Pressures On Top Management, Donald Wengler
USF Tampa Graduate Theses and Dissertations
The ability of auditors to detect fraud, including intentional material misstatements in earnings, remains key to the credibility of audit firms and confidence in capital markets. The PCAOB concludes from its most recent inspections of public company audits that auditors often fail to assess and respond to risks of material misreporting by management. In a behavioral experiment, this study concludes that auditors can increase sensitivity to management motivation to misreport by actively seeking to transform identified risk factors focused on the organization, into factors focused on top managers, and to evaluate whether these manager-focused risk factors represent incentives for personal …
Teaching Accounting Appreciation At The British Museum And In Your Classroom,
2016
University of Mississippi
Teaching Accounting Appreciation At The British Museum And In Your Classroom, J. Riley Shaw, Dale L. Flesher
Accounting Historians Notebook
Every year the University of Mississippi offers an accountancy study abroad class in London, England. The title of the graduate-level class is “The Development of Accounting Thought.” The class is intended to help the students think about how accounting started as a discipline and about accounting’s contributions to society. One of the highlights of that trip is the visit to the British Museum to examine the cuneiform documents. This visit to the British Museum and the cuneiform exhibit serves to focus the students’ attention on accountancy’s contributions to the ancient world and to modern society.
Morgan Library & Museum In New York City,
2016
University of Mississippi
Morgan Library & Museum In New York City
Accounting Historians Notebook
While celebrating the centennial events at the American Accounting Association annual meeting this August in New York City, you may want to consider a visit to the historic Morgan Library.
